Part 1 Amendments of Part 1 of the Act

SCHEDULE 17 Amendments of Banking Act 2009 Related to Part 2 of this Act

Section 106

Part 1 Amendments of Part 1 of the Act

1

Part 1 of the Banking Act 2009 is amended as follows.

2

(1)     Section 1 (overview) is amended as follows.

(2)     In subsection (5), for paragraph (c) and the “and†before it, substitute—

“(c)     the Prudential Regulation Authority, and

(d)     the Financial Conduct Authority.â€

(3)     In the Table, after the entry relating to sections 82 and 83, insert—

“Section 83ABanks not regulated by the PRAâ€.

3

In section 2 (interpretation: “bankâ€), for “Part 4†substitute “Part 4Aâ€.

4

In section 3 (interpretation: other expressions), for the definition of “the FSA†and the “and†following it, substitute—

““the PRA†means the Prudential Regulation Authority,

“the FCA†means the Financial Conduct Authority, andâ€.

5

In section 4 (special resolution objectives), in subsection (3), for paragraph (b) and the “and†following it, substitute—

“(b)     the PRA,

(ba)     the FCA, andâ€.

6

In section 5 (code of practice), in subsection (5), for paragraph (b) and the “and†following it, substitute—

“(b)     the PRA,

(ba)     the FCA, andâ€.

7

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